Unit Prices as at 28 February 2017 ($)Conservative 1.2255Growth 1.3547 Focused Growth 1.3761 |
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Funds under Management as at 28 February 2017:$ 378.7 million |
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In other newsHow to save a first-home deposit |
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Your online accountRemember you can see your balance, transactions and returns on your savings via your Generate KiwiSaver Scheme online account. To access it click on “Member Login” at the top of our home page. Should you need to reset your log-in details please click on “Forgot your password/username” and follow the simple instructions. |
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Contact UsIf you have any questions after reading your newsletter, give us a call on 0800 855 322 or email us at info@generatekiwisaver.co.nz and we would be more than happy to help. |
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DisclaimerThe Generate KiwiSaver Scheme Member Newsletter has been prepared by Generate Investment Management Limited. It is based on information believed to be accurate and reliable although no guarantee can be given that this is the case. Clients, directors or employees of Generate Investment Management Limited may have an interest or holding in companies and securities mentioned in the newsletter. No part of the newsletter is intended as financial advice. For more information about the Scheme please refer to the Generate KiwiSaver Scheme Product Disclosure Statement. |
MEMBER NEWSLETTER MARCH 2017 |
Welcome to the March edition of the Generate KiwiSaver Scheme Newsletter.
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Performance of Our FundsReturns to 28 February 2017 (after fees* and before tax).
Note: Past performance is not necessarily an indicator of future performance. |
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What's New in KiwiSaverThe Government announced plans this month to lift the pension age to 67 by 2040 but has so far said that they will leave the access age for KiwiSaver at 65. Some commentators have said this will result in people using up more of their KiwiSaver at the beginning of their retirement. News-flow will continue to emerge on this topic and we will continue to keep you informed of developments. Click here for more. |
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Warren Buffett wisdomsAfter 50 years at the helm of Berkshire Hathaway (which is typically one of our largest investments for both of our growth funds) Warren Buffett has become widely regarded as the world’s greatest investor. In his annual letters to shareholders, and in various interviews he has given, he has shared many of the lessons he has learned during his career. This month: |
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Investing 101Discounts and premiums |
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Top Holdings as of 28 February 2017Please log in to your account to see your full portfolio breakdown.
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International Equities Manager SpotlightBerkshire Hathaway Inc.Led by famed value investor Warren Buffet, Berkshire Hathaway's success has been built on the firm's record of acquiring and managing a portfolio of businesses with enduring competitive advantages. Whether through direct ownership of individual companies or via significant shareholdings, Buffett has typically looked to acquire firms that have consistent earnings power, generate above average returns on capital, have little to no debt, and have solid management teams. Once purchased, these businesses tend to remain in Berkshire's portfolio, with sales seldom occurring. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly quoted stocks, but more recently he has turned to buying whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroad, home furnishings, jewellery sales, newspaper publishing, and several regional electric and gas utilities. Some of the brands that Berkshire has investments in include: IBM, Kraft Heinz, Coco-Cola, American Express, and Wells Fargo. Berkshire Hathaway averaged annual growth in market value of 20.8% for its shareholders from 1965 to 2016 (compared to 9.7% for the S&P 500 with dividends included for the same period). According to the 2016 Forbes Global List, Berkshire Hathaway is the fourth largest public company in the world (by market value). Next month: Magellan Global Fund |
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